Yahoo Exchange Rate Calculator

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Yahoo Exchange Rate Calculator

USD – United States Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen CAD – Canadian Dollar AUD – Australian Dollar CNY – Chinese Yuan INR – Indian Rupee
USD – United States Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen CAD – Canadian Dollar AUD – Australian Dollar CNY – Chinese Yuan INR – Indian Rupee

Understanding Exchange Rates

An exchange rate is the value of one country's currency for the purpose of trade or conversion into another country's currency. For example, if the EUR/USD exchange rate is 1.10, it means that one Euro can be exchanged for 1.10 US Dollars. Exchange rates are constantly fluctuating due to a variety of factors, including economic conditions, political stability, and market speculation. Major currency pairs, like those listed in this calculator (USD, EUR, GBP, JPY, CAD, AUD, CNY, INR), are the most frequently traded and their rates are closely watched by investors and businesses worldwide.

This calculator helps you quickly convert an amount from one currency to another using current, albeit approximate, exchange rates. Please note that for actual financial transactions, you should consult real-time rates from a financial institution, as live rates can vary slightly and may include transaction fees.

How this calculator works:

1. Enter the amount of money you wish to convert.

2. Select the original currency (the one you have).

3. Select the target currency (the one you want to convert to).

4. Click "Convert" to see the estimated value in the target currency. The calculation is based on a simplified model of exchange rates and is for illustrative purposes.

Factors Affecting Exchange Rates:

  • Interest Rates: Higher interest rates can attract foreign capital, increasing demand for a country's currency.
  • Inflation: High inflation typically erodes the value of a currency, leading to depreciation.
  • Economic Performance: Strong economic growth and stable economic policies generally strengthen a currency.
  • Political Stability: Countries with stable political environments tend to have more stable currencies.
  • Trade Balance: A country with a trade surplus (exports more than it imports) often sees its currency appreciate.
  • Market Speculation: Traders buying or selling currencies based on anticipated future movements can significantly impact rates.

Exchange rate data is subject to change and should be verified with a live financial feed for critical decisions.

var exchangeRates = { "USD": {"EUR": 0.93, "GBP": 0.79, "JPY": 155.74, "CAD": 1.37, "AUD": 1.51, "CNY": 7.24, "INR": 83.50}, "EUR": {"USD": 1.08, "GBP": 0.85, "JPY": 167.95, "CAD": 1.47, "AUD": 1.63, "CNY": 7.80, "INR": 90.10}, "GBP": {"USD": 1.27, "EUR": 1.17, "JPY": 197.17, "CAD": 1.72, "AUD": 1.91, "CNY": 9.16, "INR": 105.75}, "JPY": {"USD": 0.0064, "EUR": 0.0059, "GBP": 0.0051, "CAD": 0.0087, "AUD": 0.0097, "CNY": 0.046, "INR": 0.53}, "CAD": {"USD": 0.73, "EUR": 0.68, "GBP": 0.58, "JPY": 114.79, "AUD": 1.10, "CNY": 5.28, "INR": 60.80}, "AUD": {"USD": 0.66, "EUR": 0.61, "GBP": 0.52, "JPY": 104.01, "CAD": 0.91, "CNY": 4.78, "INR": 54.90}, "CNY": {"USD": 0.14, "EUR": 0.13, "GBP": 0.11, "JPY": 21.76, "CAD": 0.19, "AUD": 0.21, "INR": 17.55}, "INR": {"USD": 0.012, "EUR": 0.011, "GBP": 0.0095, "JPY": 18.80, "CAD": 0.17, "AUD": 0.18, "CNY": 0.057} }; function calculateExchangeRate() { var amount = parseFloat(document.getElementById("amount").value); var fromCurrency = document.getElementById("fromCurrency").value; var toCurrency = document.getElementById("toCurrency").value; var resultDiv = document.getElementById("result"); if (isNaN(amount) || amount <= 0) { resultDiv.innerHTML = "Please enter a valid positive amount."; return; } var rate = 1; if (fromCurrency === toCurrency) { rate = 1; } else if (exchangeRates[fromCurrency] && exchangeRates[fromCurrency][toCurrency]) { rate = exchangeRates[fromCurrency][toCurrency]; } else if (exchangeRates[toCurrency] && exchangeRates[toCurrency][fromCurrency]) { rate = 1 / exchangeRates[toCurrency][fromCurrency]; } else { resultDiv.innerHTML = "Exchange rate data not available for this pair."; return; } var convertedAmount = amount * rate; resultDiv.innerHTML = "" + amount.toFixed(2) + " " + fromCurrency + " is approximately equal to " + convertedAmount.toFixed(2) + " " + toCurrency + ""; }

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